Sebi seeks clarification on IPO plans of 5 companies including IREDA

Markets regulator Sebi has sought clarification from as many as five companies, including Bandhan Bank and Indian Renewable Energy Development Agency (IREDA), regarding their proposed initial public offerings.

The other companies are Srei Equipment Finance, state- owned RITES Ltd and Mishra Dhatu Nigam Ltd (MIDHANI), as per the latest information with Sebi.

Without disclosing details of clarifications sought, Sebi has said “clarifications (are) awaited from lead manager(s)” for the proposed public issues.

As per the latest weekly update of processing status of draft offer documents filed with it, the Securities and Exchange Board of India (Sebi) has said that clarifications are awaited on the proposed IPOs of these five companies.

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